What Rajan was doing when he was in the helm of affair in UPA period. He could not control raising NPA to alarming level in banks.That is the root cause of all economic problems Indian financial sector is facing today.
2008 crises was due to external factors like subprime crises. But in 2018 it is eternal , fall in rupees, rising NPAs, rise in crude. Rigging of stock prices over the last 5 years in unprecedented will make the stock market crash
Re: Jaitley
by P S SHAH on Sep 26, 2018 01:12 PM
Jaaaitley has already got kidney replacement. Even if Rajan offer, definitely his kidney will not match the requirements.
Re: Re: Re: Jaitley
by Kundapur Kumar on Oct 02, 2018 09:46 PM
What Jaitly inherited from UPA to spoil economy, 7o% NPA. Had he not controlled the economy India would be faced crises like Venezuela. Even prices of essential commodities like pulses and grains might have shoot up to unimaginable level.
Surprising that such an educated person as Jaitley has not understood the phrase post mortem. Rajan is not talking after the event. He is cautioning against a future default in the MSME or MUDRA schemes and hinted that measures need to be put in place. That is all. Jaitley should remember that even the Lok Sabha COmmittee has asked for Rajan's advice and unlike him they are willing to listen to experts.
